Arcadium Lithium plc (NYSE:ALTM – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 75,870,000 shares, a drop of 6.8% from the September 30th total of 81,370,000 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average daily volume of 22,410,000 shares, the short-interest ratio is currently 3.4 days.
Arcadium Lithium Trading Up 0.7 %
Shares of ALTM opened at $5.43 on Friday. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 7.99 and a beta of 1.61. The firm has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $3.71. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77.
Arcadium Lithium (NYSE:ALTM – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate of $253.63 million.
Analysts Set New Price Targets
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Arcadium Lithium Company Profile
Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.
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